Royal Bank Of Canada Reaffirms “Sector Perform” Rating for Perpetual Energy Inc. (PMT)
Royal Bank Of Canada restated their sector perform rating on shares of Perpetual Energy Inc. (TSE:PMT) in a report issued on Thursday, StockTargetPrices.com reports. Royal Bank Of Canada currently has a C$2.50 price target on the stock.
Several other analysts also recently issued reports on PMT. Scotiabank restated an underperform rating and set a C$1.75 price objective on shares of Perpetual Energy in a report on Friday, August 5th. TD Securities downgraded Perpetual Energy from a hold rating to a reduce rating and cut their price objective for the stock from C$2.50 to C$2.00 in a report on Tuesday, August 9th. Two research analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Perpetual Energy presently has an average rating of Hold and an average target price of C$1.53.
Shares of Perpetual Energy (TSE:PMT) opened at 2.08 on Thursday. Perpetual Energy has a 1-year low of $0.60 and a 1-year high of $16.00. The firm’s 50 day moving average is $1.92 and its 200 day moving average is $1.74. The firm’s market capitalization is $108.58 million.
Perpetual Energy Company Profile
Perpetual Energy Inc (Perpetual) is a Canada-based oil and natural gas exploration and production company. The Company is engaged in finding, developing, producing and marketing natural gas, natural gas liquids (NGL), oil and bitumen. Perpetual’s business consists of operations in Alberta focused on exploring and developing the natural gas and NGL resource opportunities in the deep basin in west central Alberta; the exploration for and extraction of heavy oil in eastern Alberta; the development and production of shallow natural gas from mature producing regions in eastern Alberta; bitumen opportunities in northeast Alberta, and interest in a commercial gas storage business through the operation and ownership in a gas storage facility at Warwick in east central Alberta.
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